PHOTO: SUPPLIED Graeme Fowler: “It usually takes many, many years of investing in residential property before any real money is made.”
One property investor who owns 80 properties says landlords aren’t the greedy and heartless creatures some people make them out to be.
Property investment, who is doing it and how much they are making out of it, has been a topic of discussion since the Tax Working Group revealed its proposals for a capital gains tax on investment assets last week.
But property investors say they are being unfair targeted – and there could be unintended consequences of a new tax regime.
Graeme Fowler, who has built up a portfolio of 80 properties and written books including How to be a Real Estate Millionaire, said the biggest misconception was that property investors were all making tons of money.
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